San Francisco Chronicle Op-Ed: Extend California’s Cap-And-Trade Program to Address Climate Change
June 1, 2017// Boston, MA – The San Francisco Chronicle published an op-ed titled “Extend Cap-and-Trade Program to Address Climate Change,” written by Trillium’s Director of Shareholder Advocacy, Jonas Kron. The op-ed discusses California’s cap-and-trade program, regulation designed to reduce greenhouse gas (GHG) emissions across the state and increase investments in clean energy. Read the full op-ed below or by visiting the San Francisco Chronicle website. Extend cap-and-trade program to address climate change It would not be California if we were not debating what to do next on climate change. The good news? Unlike the rest of the country, our deliberation centers on …
PRESS RELEASE Contact: Caroline White Communications Manager Trillium Asset Management cwhite@trilliuminvest.com Trillium Launches New White Paper on Investing in Sustainable Food and Agriculture across Asset Classes May 23, 2017 // Boston, MA: A group of investors released a new white paper, Impact Investing in Sustainable Food and Agriculture across Asset Classes: Financing Resilient Value Chains through Total Portfolio Activation. The paper was prepared by Croatan Institute with the guidance and close collaboration of Iroquois Valley Farms, Maine Organic Farmers and Gardeners Association (MOFGA), Organic Agriculture Revitalization Strategy (OARS), Root Capital, RSF Social Finance, and Trillium Asset Management. A December 2016 …
Trillium’s Statement Regarding the Financial CHOICE Act
May 22, 2017 // Boston, MA: Among the many deregulatory efforts that have been launched in Congress this year is an attack that is focused directly on one of the central pillars of shareholder advocacy – the shareholder proposal. Shareholder proposals are important to our work because they provide a compelling channel of communication with corporate boards and managers on environmental, social, and governance issues. Shareholder proposals have led to greater board diversity, more inclusive workplaces, new corporate climate change policies, more accountable boards, and many other improvements at the corporate level. For over 70 years they have provided a …
Trillium’s Sustainability Reporting Shareholder Proposal at Middleby Receives 44.6% Vote
May 17, 2017 // Boston, MA – Shareholders sent a strong message to The Middleby Corporation’s (Middleby) management as 44.6% voted in favor of Trillium’s shareholder proposal, filed on behalf of our clients, on sustainability reporting and greenhouse gas (GHG) emissions reductions. Specifically, we requested Middleby shareholders vote in favor of our shareholder proposal which asked the company to: “…issue a sustainability report describing the company’s environmental, social, and governance (ESG) policies, performance, and improvement targets, including a discussion of greenhouse gas (GHG) emissions management strategies and quantitative metrics.” This outcome sends a very strong signal to the company’s management …
Trillium’s Statement on Signing of “Religious Liberty” Executive Order
May 4, 2017 // Boston, MA – Today, the Trump Administration issued an executive order on so-called religious liberty titled “Promoting Free Speech and Religious Liberty”. The executive order suggests that the Administration may be considering allowing individuals and organizations greater freedom to discriminate against the LGBT community, resulting in economic consequences. In response to this morning’s announcement, Matthew Patsky, CEO of Trillium Asset Management made the following comments: “As investors, we know that discrimination is bad for business. It casts a pall over our communities that inhibits innovation, slows or even halts growth, and makes it extremely difficult for companies …
Information for PepsiCo Shareholders Regarding Trillium’s 2017 Shareholder Proposal
April 26, 2017 // Boston, MA – Trillium Asset Management and The Sustainability Group of Loring, Wolcott & Coolidge, have sent a letter to shareholders of PepsiCo, Inc. (NYSE: PEP) urging them to vote in favor of our shareholder proposal regarding Pesticide Pollution. The proposal appears as item #5 on the company’s 2017 proxy card. Co-filers of the proposal include: Benedictine Sisters of Baltimore, Benedictine Sisters of Mount St. Scholastica, Domini Impact Investments, and School Sisters of Notre Dame Cooperative Investment Fund. The letter describes our rationale for requesting PepsiCo to report on options to protect public health and pollinators. …
Information for Merck Shareholders Regarding our 2017 Shareholder Proposal
April 21, 2017 // Boston, MA – Trillium Asset Management has published a letter to shareholders of Merck & Co. (NYSE: MRK) calling for support of our Product Safety and Quality shareholder proposal on the company’s 2017 proxy. The letter provides an overview of the importance of the issue as well why we believe shareholders should vote in favor of this proposal. The proposal asks the company to analyze governance improvements the Board could take to strengthen the Board’s oversight of product manufacturing safety and quality. An October 2016, PWC survey reported that 85% of board members in the pharma/life …
Information for First Republic Bank Shareholders Regarding our 2017 Shareholder Proposal
April 17, 2017 – Trillium Asset Management has published a letter to shareholders of First Republic Bank (NYSE: FRC) calling for support of our Workforce Diversity shareholder proposal on the company’s 2017 proxy. The letter provides an overview of the importance of the issue as well as the four main reasons why we believe shareholders should vote for this proposal. The proposal asks the company to disclose workforce diversity metrics as well as diversity programs and policies. This issue is of importance to shareholders because research from McKinsey and others found that companies with highly diverse executive teams had higher returns on …
JLL Commits to Comprehensive Workplace Diversity Reporting
March 24, 2017 // Boston, MA – Trillium Asset Management is pleased to announce that we have successfully withdrawn our workforce diversity shareholder proposal at Jones Lang LaSalle Incorporated (NYSE: JLL) following the company’s increased commitment to expand disclosure around diversity policies and programs, and release its annual EEO-1 workforce diversity data. Trillium’s shareholder proposal requested that the company prepare a report adequate for investors to assess JLL’s strategy and performance pertaining to workforce diversity, including a chart identifying employees according to gender and race in the major Equal Employment Opportunity Commission-defined job categories. A McKinsey & Company report found companies with …
Trillium Successfully Withdraws Greenhouse Gas Shareholder Proposal at Tractor Supply Company
March 20, 2017 // Boston, MA – Trillium Asset Management is pleased to announce that we have successfully withdrawn our 2017 shareholder proposal filed at Tractor Supply Company (NASDAQ: TSCO). The proposal asked the company to “…adopt quantitative, time-bound, company-wide, science-based goals for reducing total greenhouse gas (GHG) emissions from products and operations.” Trillium withdrew the proposal following a commitment from the company to set quantitative greenhouse gas (GHG) reduction targets. The goals will cover both scope 1 and scope 2 emissions from their 1,600 stores located across 49 states. The company has committed to make these goals public by the …
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